Wednesday, July 31, 2013

Crocodile Tears From The Corporate Right

If you're tired of talking about inequality now, we have a feeling that by the time August gets done you'll be ready to do whatever it takes to get politicians to make inequality go away - which may indeed be part of the President's broader plan.

As Jamelle Bouie pointed out on Tuesday, business in America would actually really like to have a plan like the one President Obama suggested at the Amazon warehouse in Kentucky on Tuesday. When corporate tax rates fall and the government invests in new infrastructure, business gets a win-win situation.

Ironically, as Bouie also pointed out, American corporate executives want the kinds of jobs that Amazon became notorious for in 2012, when investigative journalist Mac McClelland exposed Amazon's warehouses as less then desirable places to work.

The key fact remains, however, that in an economy fueled by consumer spending, if consumers don't have money to spend, that economy will be running on fumes. If those consumers have enough money to live decently, those consumers - who are also often the workers for companies in that economy - will go out and spend that money, and the company will end up making more money and being more successful.

If you'd like to stop their hypocritical blubbering though, we recommend you do as the President did in Chattanooga: Ask them to present their own alternative plan that will help working poor of America.